Green Arrow Capital SGR Private Equity Team has finalised its eighth acquisition, acquiring a majority holding in Labware, a specialist provider of integrated point of sales systems in the foodservice and retail business.
The company, which started out as a hardware producer, has, over the years, developed an integrated system of hardware and software, including all the devices needed for point of sales (cash register, handheld terminals, printers) to support management applications for point of sale management. Labware also offers a series of customisable APPs for monitoring the point of sale, and the retention and analysis of customer data (data analytics). This integrated solution has been on the market since 2010.
Daniele Camponeschi, Green Arrow Capital Founding Partner and SGR CIO, says: “We are delighted to have realised this new deal that allows us to recall more than 50 per cent of the Fund’s commitment by keeping on increasing in our portfolio the number of Italian excellences with a strong international presence. Also Labware is a good example of which the fund can contribute not only financially but also providing managerial and organisational support, in order to accelerate the company growth, thus creating a positive impact on the real economy.”
Paolo Pagnanini, Founding Partner and investor of Labware, says: “With the Fund’s entry into the Labware capital structure, we are confident to have a strategic partner by our side to increase the market position of the company and to have the capabilities to further develop of the technological advantages of our integrated systems also in new market segments.”
Green Arrow Capital SGR team involved in the deal is composed by Daniele Camponeschi, SGR CIO, Francesca Chiara Gennaro, Investment Director and Giorgio Fenili, Associate.
Green Arrow Capital SGR team was assisted by law firm Orrick led by the Partners Patrizio Messina and Annalisa Dentoni-Litta, by the lawyers Paola Barometro, Federico Urbani and Nicolò Del Dottore and Cristiana Montesarchio (for legal due diligence and contracts), by KPMG Italy, under the guidance of Partners Massimiliano Battaglia and Giacomo Perrone (for the accounting and tax due diligence and structuring of the deal) and by Caravati Pagani firm (for corporate assistance and merger).
Pagnanini was assisted by EY as financial adviser with a team composed by Gianni Panconi, Partner of the M&A division, Orazio Bocchieri and Nicoletta Cassano and by DLA Piper as legal advisor with Alessandro Piermanni, Partner of the M&A division, Barbara Donato, Marianna Busetti and Silvana Bonazzi as teammembers.
